Sensex opened at all-time high in early trade, Nifty crossed 24100

SENSEX OPEN: Amidst a volatile trend in global markets, the domestic stock market hit fresh highs in the early trade of the last trading session on Friday, June 28, 2024. As the market opened, the Mumbai Stock Exchange (BSE) Sensex rose 243.15 points to 79,486.33 points. The National Stock Exchange (NSE) Nifty also rose 74.2 points to 24,118.7 points. At the close of trade on Thursday, the Sensex crossed the 79,000-point mark for the first time, rising 568.93 points to close at 79,243.10. At the same time, the Nifty gained 175.70 points to touch 24,044.50 points. Sensex will touch 80,000 points soon, said VK Vijayakumar, Principal Investment Strategist, Geojit Financial Services, adding that a market rally is likely to take Sensex to 80,000 level. Shares of Reliance Industries, Bharti Airtel and major private sector banks played a major role in the market rally. However, as the market is in an overbought zone, the market may correct at any time as domestic institutional investors (DIIs) book profits. It is worth noting that in the tug-of-war between Foreign Institutional Investors (FIIs) and DIIs, whenever it has happened in the last 3 years, the latter have won. High valuations in the market remain a matter of concern, but the market is not yet in bubble valuation territory. Shares of companies like Punjab National Bank, SAIL, Canara Bank, IGL, Dr Reddy's Labs, BHEL, Bandhan saw strong gains in the early trade of the domestic bourse. Bank, RBL Bank, State Bank of India, Dr Lal Path Lab, ONGC and NTPC. Meanwhile, shares of GMR Airports, Vodafone Idea, IndusInd Bank, HCL Technology, Kotak Mahindra and Mahindra & Mahindra declined. Also Read: Harshad Mehta's Favorite Stock Made Millions What Are Asian Markets Doing Today?, Japan's Nikkei, Hong Kong's Hang Seng, South Korea's Cosby, What Are Asian Markets Doing Today? And China Shanghai has a good trend in the mix. On Thursday, America's Dow Jones ended up 97.50 points, or 0.40 percent. In the international market, gold was down 0.31 per cent at $2,320 an ounce, while on the Multi Commodity Exchange (MCX) rose by Rs 134 to Rs 71,438 per 10 grams. Meanwhile, in the global market, crude oil rose 0.55 percent to $82.19 a barrel, while Brent crude oil weakened by 0.88 percent to trade at $85.63 a barrel. Also Read: Gold prices: Rupee weak, silver halts Sensex opens at all-time high, Nifty crosses 24100 in early trade